BTCO vs. AMZN
BTCO (Invesco Galaxy Bitcoin ETF) is Cryptocurrency fund tracking the Lukka Prime Reference Bitcoin Rate, while AMZN (Amazon.com, Inc) is a stock. Over the past year, BTCO returned -44.68% vs 10.55% for AMZN. At a 0.30 correlation, their price movements are largely independent.
Performance
BTCO vs. AMZN - Performance Comparison
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Returns By Period
In the year-to-date period, BTCO achieves a -25.69% return, which is significantly lower than AMZN's 8.31% return.
BTCO
- 1D
- 1.54%
- 1M
- 3.42%
- 6M
- -31.95%
- YTD
- -25.69%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.50%
AMZN
- 1D
- 1.12%
- 1M
- 2.29%
- 6M
- 4.55%
- YTD
- 8.31%
- 1Y
- 10.55%
- 3Y*
- 24.35%
- 5Y*
- 6.88%
- 10Y*
- 20.97%
- ALL TIME*
- 29.87%
BTCO vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCO Invesco Galaxy Bitcoin ETF | -25.69% | -6.58% | 93.87% |
AMZN Amazon.com, Inc | 8.31% | 5.21% | 42.71% |
Correlation
The correlation between BTCO and AMZN is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.30 |
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Return for Risk
BTCO vs. AMZN — Risk / Return Rank
BTCO
AMZN
BTCO vs. AMZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Bitcoin ETF (BTCO) and Amazon.com, Inc (AMZN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BTCO | AMZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.08 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 0.49 | -1.33 |
| Martin ratioReturn relative to average drawdown | -1.34 | 1.07 | -2.41 |
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Drawdowns
BTCO vs. AMZN - Drawdown Comparison
The maximum BTCO drawdown since its inception was -53.33%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for BTCO and AMZN.
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Drawdown Indicators
| BTCO | AMZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.33% | -94.40% | +41.07% |
Max Drawdown (1Y)Largest decline over 1 year | -53.33% | -21.74% | -31.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.15% | — |
Current DrawdownCurrent decline from peak | -48.23% | -9.09% | -39.14% |
Average DrawdownAverage peak-to-trough decline | -17.70% | -28.13% | +10.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.39% | 9.92% | +23.47% |
Volatility
BTCO vs. AMZN - Volatility Comparison
Invesco Galaxy Bitcoin ETF (BTCO) has a higher volatility of 10.57% compared to Amazon.com, Inc (AMZN) at 9.15%. This indicates that BTCO's price experiences larger fluctuations and is considered to be riskier than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCO | AMZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.57% | 9.15% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 34.51% | 21.93% | +12.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.25% | 31.19% | +13.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.38% | 35.70% | +13.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.38% | 32.61% | +16.77% |
Dividends
BTCO vs. AMZN - Dividend Comparison
Neither BTCO nor AMZN has paid dividends to shareholders.
Frequently Asked Questions
BTCO and AMZN have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCO has higher volatility (10.57%) compared to AMZN (9.15%). In terms of maximum drawdown, BTCO dropped -53.33% vs AMZN's -94.40%.
AMZN currently has the higher Sharpe Ratio (0.34 vs -1.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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